6.3 Tuesday Zhiming Morning Analysis and Suggestions

Last night, Bitcoin stabilized after dipping to a low of 103631 and began to rebound. After firmly standing above the 104000 mark in the early hours, it continued to rise, reaching a high of 105867, and is currently maintaining high-level consolidation. Ethereum's performance is even stronger, rebounding continuously from a low of 2474 to a high of 2606, and is now under pressure at the key resistance zone of 2600-2620.
From a technical perspective, Bitcoin's short-term support is in the range of 104500-104800. If it breaks down, it may retest the critical level of 103600. The key resistance above is focused on the 105800-106000 area, and if it breaks through, it will challenge the previous high resistance band of 107000-107500. The 4-hour RSI is around 60, and the MACD maintains a golden cross, but the momentum is slightly slowing down. In terms of operation, it is recommended to establish long positions after a rebound and stabilization at 104800-105000, or to short in the short term when under pressure at 105800-106000. For Ethereum, short-term support is formed at 2550-2560, and the 4-hour RSI is close to the overbought zone, so caution is needed for a pullback risk. Overall, the market maintains a fluctuating upward pattern. Bitcoin needs to pay attention to the breakout situation at the 106000 mark, while Ethereum should observe the performance at the 2600 resistance level. It is recommended to strictly control risks during trading and closely monitor the breakout direction of support and resistance levels to judge the continuity of subsequent trends.
Zhiming suggests
Short around 106000-106500, look for 105000-104000.
Look near 2630-2650 for Ethereum, and check around 2590-2570.#Join Growth Points Draw & Win iPhone 16 and Merch #BTC ETF Inflows Surpass Gold